Clinical Intelligence Market Information: By Type (CDSS, Quality Improvement), Component (Service, Software), Application (Clinical, RCM), End User (Hospitals, Clinics, Tpas) - Global Forecast Till 2023
ID: MRFR/HCIT/3064-HCR | February 2021 | Region: Global | 110 pages
Market Synopsis of the Global Clinical Intelligence Market
Clinical Intelligence, also known as clinical data analytics, is a blend of technologies involving the use of data analysis to improve healthcare delivery. The data is gathered at the time of delivery of care into the information system and then analyzed to determine the performance indicators that may affect the productivity of a healthcare organization. Analyses of clinical data is useful to know the loopholes in the organization’s processes that hinders its growth. Various technologies available for clinical intelligence provide data about the factors contributing to the success of delivery of care.
The market for clinical intelligence is expected to grow at an exponential rate owing to an increase in the adoption of healthcare IT, urge of the use of Electronic Heath Records (EHR), rising importance of software solutions in insurance claim processing and fraud detection. Furthermore, increasing number of software companies engaged in healthcare IT and EHR influences the market growth across the globe.
High cost of clinical intelligence software solutions may restrain the market growth in developing countries.
The global clinical intelligence market is expected to grow at a CAGR of 12.5% during the forecast period.
FIGURE 1: Global Clinical Intelligence Market by Region, 2016 (%)
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Intended Audience
- Healthcare Software Companies
- Clinical Software Vendors
- Market Research and Consulting Service Providers
- Potential Investors
Key Players in the Global Clinical Intelligence Market
Some of the key players in this market are IBM (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Allscripts (U.S.), QSI Management, LLC (U.S.), General Electric Company (U.S.), eClinicalWorks (U.S.), McKesson Corporation (U.S.), and Greenway Health, LLC (U.S.).
Research Methodology:
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Segments
The global clinical intelligence market is segmented on the basis of type, components, application, and end user.
On the basis of type, market is segmented into retrospective performance measures & predictive analytics, performance measurement systems, Clinical decision support (CDSS) System, quality improvement, clinical benchmarking, population health management and others. Quality improvement is further segmented into six sigma. Population health management is further segmented into over-utilization of health services and under-utilization of health services.
On the basis of component, the market is segmented into software, hardware, and services.
On the basis of application, the market is segmented into Clinical, Revenue Cycle Management (RCM) claim, fraud, supply chain, financial management and others.
On the basis of end user, the market is segmented into hospital, clinics, TPAs, and others.
Regional Analysis of the Global Clinical Intelligence Market
America is the largest market for clinical intelligence owing to an increasing extensive use of software solutions for healthcare administration and available resources. North America accounts for the largest market share owing the presence of major healthcare IT companies enjoying global presence namely IBM, Allscripts, GE Electric Company and QSI Management, LLC. According to National Coordinator of Health Information Technology, patient engagement EHR functionalities became more prevalent in the U.S. hospitals from 2013 to 2015. Furthermore, the use of Decision Support System is found to be increasing among tertiary care centers in the U.S.
Europe is the second largest market for clinical intelligence which is estimated to adopt a steady growth in the near future due rising number of healthcare providers using clinical management softwares and technological advancement in healthcare IT especially EHR and patient engagement platform.
In Asia Pacific, the market is expected grow at the fastest rate with factors such as rising demand for healthcare IT, increasing healthcare expenditure and rising number of healthcare software solution providers. Furthermore, increasing burden of diseases and increasing demand for patient records management also boost the market growth during the review period.
The Middle East & Africa also show a steady rise in the market owing to low demand for healthcare IT, especially in Africa owing to low healthcare expenditure and need for primary care services.
Frequently Asked Questions (FAQ) :
Clinical intelligence market is projected to grow at a 12.5% CAGR between 2017- 2023.
The Americas is expected to dominate the clinical intelligence market.
Increasing adoption of healthcare IT and rising number of software companies engaged in healthcare IT are the key factors driving the clinical intelligence market growth.
High cost of software may limit the clinical intelligence market growth.
Key players profiled in the clinical intelligence market include Greenway Health, LLC (U.S.), McKesson Corporation (U.S.), eClinicalWorks (U.S.), General Electric Company (U.S.), QSI Management, LLC (U.S.), Allscripts (U.S.), Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), and IBM (U.S.).
Table of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
6. Global Clinical Intelligence Market, by Type
6.1 Introduction
6.2 Retrospective Performance Measures and Predictive Analytics
6.2.1 Market Estimates & Forecast, 2017-2023
6.3 Performance measurement systems
6.3.1 Market Estimates & Forecast, 2017-2023
6.4 Clinical decision support (CDSS) systems
6.4.1 Market Estimates & Forecast, 2017-2023
6.5 Quality Improvement
6.5.1 Market Estimates & Forecast, 2017-2023
6.6 Clinical Benchmarking
6.6.1 Market Estimates & Forecast, 2017-2023
6.7 Clinical Decision Support
6.7.1 Market Estimates & Forecast, 2017-2023
6.8 Population Health Management
6.8.1 Market Estimates & Forecast, 2017-2023
7. Global Clinical Intelligence Market, by Component
7.1 Introduction
7.2 Software
7.2.1 Market Estimates & Forecast, 2017-2023
7.3 Hardware
7.3.1 Market Estimates & Forecast, 2017-2023
7.4 Services
7.4.1 Market Estimates & Forecast, 2017-2023
8. Global Clinical Intelligence Market, by Application
8.1 Introduction
8.2 Clinical
8.2.1 Market Estimates & Forecast, 2017-2023
8.3 Revenue Cycle Management
8.3.1 Market Estimates & Forecast, 2017-2023
8.4 Claim Processing
8.4.1 Market Estimates & Forecast, 2017-2023
8.5 Fraud Management
8.5.1 Market Estimates & Forecast, 2017-2023
8.6 Supply Chain
8.6.1 Market Estimates & Forecast, 2017-2023
8.7 Financial Management
8.7.1 Market Estimates & Forecast, 2017-2023
9. Global Clinical Intelligence Market, by End User
9.1 Introduction
9.2 Hospital
9.2.1 Market Estimates & Forecast, 2017-2023
9.3 Clinics
9.3.1 Market Estimates & Forecast, 2017-2023
9.4 TPAs
9.4.1 Market Estimates & Forecast, 2017-2023
10. Global Clinical Intelligence Market, by Region
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 US
10.2.1.1 Canada
10.2.2 South America
10.3 Europe
10.3.1 Western Europe
10.3.1.1 Germany
10.3.1.2 France
10.3.1.3 UK
10.3.1.4 Italy
10.3.1.5 Spain
10.3.1.6 Rest of Western Europe
10.3.2 Eastern Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 Republic of Korea
10.4.6 Rest of Asia Pacific
10.5 The Middle East & Africa
10.5.1 United Arab Emirates
10.5.2 Saudi Arabia
10.5.3 Oman
10.5.4 Kuwait
10.5.5 Qatar
10.5.6 Rest of the Middle East & Africa
11 Company Landscape
11.1 Introduction
11.2 Market Share Analysis
11.3 Key Development & Strategies
11.3.1 Key Developments
12 Company Profiles
12.1 IBM
12.1.1 Company Overview
12.1.2 Product Overview
12.1.3 Financials
12.1.4 SWOT Analysis
12.2 Allscripts
12.2.1 Company Overview
12.2.2 Product Overview
12.2.3 Financial Overview
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.3 Cerner Corporation
12.3.1 Company Overview
12.3.2 Product Overview
12.3.3 Financial Overview
12.3.4 Key Development
12.3.5 SWOT Analysis
12.4 Epic Systems Corporation
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Overview
12.4.4 Key Development
12.4.5 SWOT Analysis
12.5 QSI Management, LLC
12.5.1 Company Overview
12.5.2 Product Overview
12.5.3 Financial overview
12.5.4 Key Developments
12.6 McKesson Corporation
12.6.1 Company Overview
12.6.2 Product Overview
12.6.3 Financial Overview
12.6.4 Key Developments
12.7 Greenway Health, LLC
12.7.1 Overview
12.7.2 Product Overview
12.7.3 Financials
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.8 Others
13 MRFR Conclusion
13.1 Key Findings
13.1.1 From CEO’s View Point
13.1.2 Unmet Needs of the Market
13.2 Key Companies to Watch
13.3 Prediction of Pharmaceutical Industry
14 Appendix
LIST OF TABLES
Table 1 Clinical Intelligence Industry Synopsis, 2017-2023
Table 2 Global Clinical Intelligence Market Estimates and Forecast, 2017-2023, (USD Million)
Table 3 Global Clinical Intelligence Market by Region, 2017-2023, (USD Million)
Table 4 Global Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 5 Global Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 6 Global Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 7 Global Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 8 North America Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 9 North America Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 10 North America Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 11 North America Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 12 US Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 13 US Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 14 US Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 15 US Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 16 Canada Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 17 Canada Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 18 Canada Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 19 Canada Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 20 South America Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 21 South America Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 22 South America Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 23 South America Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 24 Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 25 Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 26 Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 27 Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 28 Western Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 29 Western Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 30 Western Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 31 Western Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 32 Eastern Europe Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 33 Eastern Europe Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 34 Eastern Europe Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 35 Eastern Europe Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 36 Asia Pacific Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 37 Asia Pacific Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 38 Asia Pacific Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 39 Asia Pacific Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
Table 40 Middle East & Africa Clinical Intelligence Market by Types, 2017-2023, (USD Million)
Table 41 Middle East & Africa Clinical Intelligence Market by Component, 2017-2023, (USD Million)
Table 42 Middle East & Africa Clinical Intelligence Market by Application, 2017-2023, (USD Million)
Table 43 Middle East & Africa Clinical Intelligence Market by End Users, 2017-2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Clinical Intelligence Market
Figure 3 Segmentation Market Dynamics for Clinical Intelligence Market
Figure 4 Global Clinical Intelligence Market Share, by Component 2016
Figure 5 Global Clinical Intelligence Market Share, by Application 2016
Figure 6 Global Clinical Intelligence Market Share, by End Users, 2016
Figure 7 Global Clinical Intelligence Market Share, by Region, 2016
Figure 8 North America Clinical Intelligence Market Share, by Country, 2016
Figure 9 Europe Clinical Intelligence Market Share, by Country, 2016
Figure 10 Asia Pacific Clinical Intelligence Market Share, by Country, 2016
Figure 11 Middle East & Africa Clinical Intelligence Market Share, by Country, 2016
Figure 12 Global Clinical Intelligence Market: Company Share Analysis, 2016 (%)
Figure 13 IBM: Key Financials
Figure 14 IBM: Segmental Revenue
Figure 16 IBM: Geographical Revenue
Figure 17 Allscripts: Key Financials
Figure 18 Allscripts: Segmental Revenue
Figure 19 Allscripts: Geographical Revenue
Figure 20 Cerner Corporation: Key Financials
Figure 21 Cerner Corporation: Segmental Revenue
Figure 22 Cerner Corporation: Geographical Revenue
Figure 23 Epic Systems Corporation: Key Financials
Figure 24 Epic Systems Corporation: Segmental Revenue
Figure 25 Epic Systems Corporation: Geographical Revenue
Figure 26 McKesson Corporation: Key Financials
Figure 27 McKesson Corporation: Segmental Revenue
Figure 28 McKesson Corporation: Geographical Revenue
Figure 29 QSI Management, LLC: Key Financials
Figure 30 QSI Management, LLC: Segmental Revenue
Figure 31 QSI Management, LLC: Geographical Revenue
Figure 32 Pfizer Inc: Key Financials
Figure 33 Pfizer Inc: Segmental Revenue
Figure 34 Pfizer Inc: Geographical Revenue
